2024 Nissan Financing Deals
 | Starting APR 0.00% | Loan terms 12 - 72 months |
Looking to purchase or lease a Nissan? The in-house financing deals offered through the Nissan Motor Acceptance Corporation (NMAC) may fit the bill. From time to time, NMAC offers 0.00% APR and low-APR financing deals on certain models, as well as significant cash rebates on its vehicles. While most applicants need to demonstrate high credit scores to qualify for low-APR deals, you may be eligible to receive military or student rebates even if you don’t choose to finance through Nissan.
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Nissan financing options
Buying a Nissan
NMAC offers auto loans starting as low as 0.00% APR on vehicles sold at Nissan dealerships. These include new, used and certified pre-owned (CPO) Nissan vehicles, as well as other pre-owned vehicles that are less than six years old. Loan terms may range from 12 to 72 months.
While NMAC doesn’t advertise a minimum credit score for eligible applicants, you generally need excellent credit to qualify for the best deals. You’ll know your exact rate once you decide on the car you want and apply for financing, which you can do online to save time before heading to the dealership. You can also choose to apply in-store.
Leasing a Nissan
If you’re looking to spend less cash each month on a newer model and don’t plan to drive more than 15,000 miles per year, leasing could be a good option for you. But as you’re debating leasing versus buying, consider the drawbacks as well: Over the course of a three-year lease, you would normally use less than half of the vehicle’s lifespan, but end up paying for at least half of its value.
Leasing terms range from 24 to 60 months, with annual mileage options of 5,000, 10,000, 12,000 and 15,000 available. At the end of your lease, you can choose to return, purchase or trade in the car with another new vehicle. If you buy or lease another car from Nissan, you may be able to have several charges waived on your current NMAC lease: up to $500 in excess wear-and-use charges and your $395 disposition fee.
Like financing deals, Nissan lease offers change from month to month. To learn about the latest lease deals, visit your local Nissan dealership.
Nissan financing pros and cons
If you’re on the fence about whether Nissan in-house financing is for you, consider the following pros and cons of getting an offer from NMAC.
| Pros | Cons |
|---|---|
Wide range of terms: NMAC offers a wide range of terms, from 12 to 72 months. Convenience: Getting your vehicle and your financing from the same place creates an easy one-stop experience. 0% financing: Nissan often offers low-APR and 0.00% APR financing and rebate deals on its vehicles for those who qualify. | Limited to Nissan dealerships: A NMAC offer is only valid for vehicles sold at participating Nissan dealerships. Eligibility requirements unclear: While a good credit score is generally needed to qualify, Nissan doesn’t specify many details about its eligibility requirements. |
A closer look at Nissan financing
Nissan offers a range of incentives, rebates and special deals to those who qualify for financing:
- 0% APR or low-APR financing: NMAC frequently offers low-APR and 0.00% APR financing deals on its models. While no minimum credit score is specified, high credit is generally required to qualify for these deals.
- Cash back: Depending on the deals offered where you live, Nissan customers may be able to choose a cash-back rebate rather than a low-APR financing deal. The cash value may vary and cannot be combined with other offers.
- Military cash: Worth between $500 and $1000, this incentive can be combined with other regional and national offers. You may qualify for Nissan military cash if you’re active or reserve U.S. military personnel, a recent veteran (within 24 months of separation from active or reserve duty) or hold official retired status (completed 20 years of active or reserve duty). Military discounts and benefits are also offered to overseas active military members, civilian component and the diplomatic community.
- Grad cash: This $500 cash-back incentive for new grads can be combined with other eligible rebates. It is offered to students who have graduated in the last 24 months or who have written confirmation of their upcoming graduation within the next six months. They must also show proof of current or future employment that begins within 90 days.
- Mobility assist: You could get up to $1,000 reimbursement toward the purchase and installation of qualified adaptive equipment in your Nissan vehicle. Users must provide documentation of a permanent physical disability to qualify.
- First-time buyer program: Some Nissan dealerships may offer reasonable APR rates to first-time buyers who have never financed a car before. Eligibility metrics, such as income level, will still apply.
In addition to the perks and programs above, Nissan customers can join a loyalty program that allows reward points to be applied toward car maintenance, parts, accessories and even their next vehicle purchase.
How to apply for financing through Nissan
You can get preapproved for a Nissan car loan through a simple online application process, or you can choose to apply onsite at your local Nissan dealer. While you may still be eligible for Nissan financing with a lower credit score, you’ll need to show that you earn enough income to make regular monthly loan payments. Generally, the best deals and the lowest rates are reserved for customers who have higher FICO credit scores.
When applying for a Nissan car loan or lease, you’ll follow these steps:
1. Fill out the following information online:
- Personal details: Name, address, years at this address, contact details, date of birth, Social Security number,
- Employment information: Employer, position, number of months or years working for this employer, contact information at work
- Financial information: Residential status (whether you rent or own), monthly rent or mortgage payment, annual gross income
- Vehicle information: Year, model and type of vehicle you’re considering
- Proposed financing: Whether you want to purchase or lease, down payment amount and the desired term of your loan
2. Agree to the privacy terms and submit your information
3. Wait to receive a response, typically the next business day or within the next 48 hours
Once you’ve finalized your lease or purchase, you can choose from a range of payment options including mail, money order, one-time or recurring automatic payments through your bank, or third-party services such as Paymentus or Moneygram.
How Nissan financing compares
Even if you believe that Nissan financing aligns with your auto loan needs, it’s always smart to compare offers from multiple lenders. In addition to the lenders below, you may receive up to five auto loan offers by filling out a single form with LendingTree.
| Nissan | Bank of America | LightStream | |
|---|---|---|---|
| Starting APR | 0.00% | 5.89% | 7.49% |
| Terms | 12 to 72 months | Up to 72 months | 24 to 84 months |
| Amount | Not specified | From $7,500 | $5,000 to $100,000 |
| Minimum credit score | Not specified | Not specified | Not specified |
Frequently asked questions
Nissan frequently offers 0.00% APR deals on its vehicles. While no minimum credit score is specified on its website, users generally need to have excellent credit to qualify. Check your dealer’s website frequently as these deals change and may depend on the model.
Like many auto lenders, Nissan doesn’t specify a minimum credit score required to qualify for financing. Other factors may be taken into consideration to calculate your creditworthiness, including income and your credit history.
You can pay off your Nissan Finance loan early without incurring any prepayment penalties or being charged any fees. You can also add an amount to your recurring monthly payments to be applied to your principal balance.